Income Taxes (Tables)

9 Months Ended

Oct. 26, 2014

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (before federal impact of state items) is as follows:



(in thousands)
Balance as of January 26, 2014	14,414
Reductions for settlements with tax authorities	(4,513	)
Balance as of October 26, 2014	9,901

Liability For Uncertain Tax Positions

The liability for UTP is reflected within the consolidated balance sheets as follows:



(in thousands)	October 26, 2014		January 26, 2014
Deferred tax assets - non-current	$	7,582	$	12,095
Other long-term liabilities	252		252
Total accrued taxes	$	7,834	$	12,347

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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